Quote from: mrdeposit on March 06, 2019, 09:24:24 PM

Quote from: donaltrump8 on March 06, 2019, 09:16:33 PM

I do not like to store many different types of coin if it does not bring me profit in the future, I see many people like to store many kinds of coin but it does not bring profit to them, I do not understand why they still like doing that and what is their purpose when coming to this market ?

This diversification, so divide the investment between several currencies. This is the risk prevention behavior. When you invest all your money in one coin, you lose your money when the coin loses value. But, when you diversify, this can be fixed.

when you diversify you are also lessening your potential profit compare to when you invest all your funds in one coin for example in bitcoin . there's nothing wrong of putting your eggs in one basket but as long as you know the coins that youl be choosing . same rule apply when diversifying your capital onto different variety of altcoins .